Shiba Inu: price of SHIB in rally after the announcement of the new stablecoin

Shiba Inu (SHIB) is in pump of +26% in the last seven days, with the price reaching 0.00002152$ three days ago. This latest rally of the memecoin could be attributed to the announcement of the arrival of the new stablecoin SHI. 

Shiba Inu (SHIB): la memecoin records a price rally in the last week

Shiba Inu (SHIB), the second memecoin by market capitalization, is experiencing a true price rally in the last week. 

In fact, at the time of writing, SHIB is worth $0.00001826 and is in a pump of +26% compared to seven days ago. 

However, this price is just a downsizing compared to what was reached by SHIB three days ago, on September 27, which is 0.00002152$. Not bad, considering that this price peak had not been reached by SHIB since last June. 

In any case, the price rally of SHIB might have started on September 25, when SHIB surpassed the threshold of $0.000015. 

“What is happening? 621 billion in 24 hours for #ShibaInuCoin (SHIB). Let’s go.”

But what is cooking? In reality, it seems that behind this price surge there could be a FOMO (Fear Of Missing Out) that concerns the launch of the new stablecoin SHI. 

Shiba Inu (SHIB): is the memecoin rally based on the FOMO of the new stablecoin?

In the Shiba Inu house, in fact, there have been several provocative announcements. First of all, the official Shiba Inu account itself tweeted on September 25 as follows:

“BIG THINGS ARE COMING IN Q4. Stay connected, do not let doubts distract your vision”

But then, to reveal something more was the tweet from Lucie, part of the Shiba Inu team, who shared the announcement of the launch of the new stablecoin SHI. 

“Shiba Inu will soon launch a Stablecoin!”

In practice, from what has emerged, Lucie would have shared further details regarding the stablecoin SHI, stating that it is a significant development for the Shibarium network. Currently, SHIB is in development, but it apparently seems to be the subject of enthusiasm from the crypto community.

Changelly: the price prediction of SHIB

While the true motivation behind the SHIB rally cannot be guaranteed, it seems that many are optimistic about its future. 

In fact, it seems that the current FOMO could push the price of SHIB to a 90% pump, thus reaching $0.000035. 

At the beginning of September, Changelly predicted that the price of SHIB would pump up to $0.00002785, slightly more than what was already reached three days ago. Not only, the prediction for the end of 2024 by Changelly indicates an average price that could reach $0.000035.